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The Dubai Financial Market (PJSC) Board of Directors will hold a meeting on Thursday, January 30, 2025, at 3:00 PM. The agenda includes discussing the company's consolidated financial statements for the year ending December 31, 2024, considering the distribution of cash dividends for the same period, reviewing the agenda and invitation for the Annual General Assembly Meeting, and addressing regular matters and any other business.
Mashreqbank PSC has scheduled a Board of Directors meeting on January 30, 2025, at 11:00 am. The agenda includes approval of the minutes from the previous meeting on December 20, 2024, approval of the financial statements for the year ending December 31, 2024, planning for the Annual General Assembly meeting for shareholders on February 27, 2025, and discussion of normal business activities and any other matters. The notice is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, and a copy has been sent to the Securities & Commodities Authority.
Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has advocated for the adoption of district cooling in the healthcare sector to enhance sustainability and public health. At the Arab Health 2025 Exhibition and Conference in Dubai, Empower emphasized the importance of district cooling in creating an optimal environment for healthcare facilities. Empower's systems serve various healthcare projects, including Dubai Healthcare City, with a cooling capacity of 142,000 refrigeration tons. The company encourages healthcare leaders and international exhibitors to explore the health benefits of these sustainable solutions. Empower is committed to supporting the healthcare sector by providing environmentally friendly cooling services that contribute to climate change mitigation. CEO Ahmad bin Shafar highlighted the company's dedication to delivering world-class district cooling services to medical facilities in Dubai, ensuring patient and staff comfort while conserving energy and protecting the environment. Empower's services extend to numerous hospitals, clinics, and laboratories across Dubai.
GFH Financial Group B.S.C. announced on January 26, 2025, that following unusual trading activity of its shares on Boursa Kuwait, there is no additional material information to disclose to the markets beyond what has already been announced. This statement aligns with Boursa Kuwait's directives and the transparency requirements outlined in the Capital Markets Authority's regulations. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and was sealed with the company stamp.
Ithmaar Holding B.S.C. has announced the opening of nominations for four positions on its Board of Directors for a three-year term from 2025 to 2028. The election will take place during the Annual Ordinary General Meeting in March 2025. Two additional board members will be appointed by the major shareholder, as per Bahrain's Commercial Companies Law. Nominees must meet several conditions, including legal capacity, no criminal convictions related to bankruptcy or trust breaches, and compliance with Bahraini law regarding board membership. Candidates for the Chairman or Deputy Chairman positions cannot also be the CEO. Nominees should have industry knowledge and experience, cannot hold directorships in other financial institutions in Bahrain, and may not have more than three directorships in other public companies in Bahrain without conflicts of interest. Applicants must submit a completed Central Bank of Bahrain's Form 3, certified copies of their passport and National ID, a CV, certified academic and professional qualifications, and a list of any competitive activities with the company.
The settlement price for the Micro GME Oman Crude Oil Futures contract expiring in January 2025 is $81.76 USD. The contract series code is OMOIL H25, and the contract ID is OIL240125 001. This information, issued on January 24, 2025, is available on the Dubai Financial Market website. Note that the details may change, and the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of discrepancies.
Sukoon Insurance PJSC has announced that its Board of Directors will pass a resolution by circulation on January 28, 2025, at 10:00 am. The agenda includes recommending cash dividends for the 2024 financial year, approving the final annual financial statements for the year ending December 31, 2024, approving the external auditor's report, approving the Board of Directors' report on the company's activities and financial position for the same fiscal year, recommending the remuneration for the Board of Directors for 2024, and approving the appointment and remuneration of external auditors. The notification is addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, with a copy sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.
The Dubai Financial Market (DFM) Regulated Short Sell (RSS) weekly summary for the period from January 20, 2025, to January 24, 2025, reports that there were no RSS trades during this time. For more details on RSS, refer to the DFM Market Rules and Operational Model available on their website. The announcement can also be accessed on the DFM website. Note that the information is subject to change and is provided "as is," with no liability for any losses incurred from its use.